subject: Short Term Loan Options In Today's Climate [print this page] Short term and no check loans are generally credit products offered without the need to do a credit check. These are typically niche products offered at the sub-prime lending market. However, in more recent times (i.e. since the credit crunch) these products have started appealing to more and more people (who have found themselves in financial and credit difficulty). There are various types of loans available ranging from loans with a guarantor to short term (payday) loans to other services (such as cash a cheque). Each of these types of loan are designed for a specific purpose.
Loans with a guarantor are aimed at customers who are looking for a longer term financial borrowing generally.
Short term (payday) loans are for people who need a cash advance till payday. They are aimed at employed people who can repay the loan within a month. There are many, many payday lenders and brokers out in the market, and a fair few do offer no check loans (i.e. payday loans without the need for a credit check).
Cash a cheque services are the most well known and recognised services and I guess where all this started. The traditional way this loan works is you go into a branch, hand over a cheque for xxx and they give you the money minus their fee. Then once the loan period is up, your cheque is cashed and that"s that! Nowdays we are seeing these companies gradually being replaced by on line payday loans companies (as detailed above).
If you"re looking for a no check loan (either long term or short term), why not search around on the web and see what you can find. There is definitely no limitation of products to choose from!
by: George Thistle
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